Ethereum declined almost 30% and tested the $900 support zone against the US Dollar. ETH price is currently rising, but it is facing a strong resistance near $1,130.
- Ethereum started a strong decline from well above $1,200 and traded close to $900.
- The price is recovering nicely from $912, but it facing hurdles near $1,130 和 100 每小时简单移动平均线.
- There is a major bearish trend line in place with resistance near $1,130 在ETH / USD的小时图上 (通过Kraken提供数据).
- The pair must settle above $1,130 和 100 hourly SMA to start a fresh rally.
Ethereum Price Recovers Losses
昨天, we saw a massive decline in bitcoin, 以太坊, ripple and other altcoins. ETH price declined almost 30% and it broke many important supports near $1,120 和 $1,050.
There was also a break below the $1,000 support level and the price traded close to the $900 水平. A swing low was formed near $912 before the price started a fresh increase. It seems like the bulls defended the last swing region near the $900$-920 区.
Ether price is up over 10% and it is trading nicely above $1,000. 突破了 23.6% 下行修正的斐波拉契回撤位 $1,352 swing high to $912 swing low.
然而, the price is facing hurdles near $1,130 和 100 每小时简单移动平均线. There is also a major bearish trend line in place with resistance near $1,130 在ETH / USD的小时图上. The trend line is close to the 50% 下行修正的斐波拉契回撤位 $1,352 swing high to $912 swing low.
To start a fresh rally, ether price must clear the trend line resistance, $1,130, 和 100 每小时简单移动平均线. The next major resistance above $1,130 is near the $1,200 水平.
Fresh Dips in ETH?
如果以太坊无法清除 $1,130 resistance and the 100 每小时简单移动平均线, it could start a fresh decline. 下行方面的初步支撑接近 $1,050 水平.
The first key support is near the $1,000 水平. A downside break below the $1,000 level may possibly start a fresh decline towards the $900-$920 support zone in the coming sessions.
每小时MACD – The MACD for ETH/USD is gaining pace in the bullish zone.
每小时RSI – The RSI for ETH/USD is back above the 50 水平, with a bullish angle.